Mumbai: Benchmark indices ended sharply higher on Friday, with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, in tandem with a rally in global markets and a decline in crude oil prices after US President Donald Trump declared that his country has ended the war with Iran. The 30-share BSE…
New Delhi: The government has restricted industrial, commercial and institutional users from buying petrol and diesel from petrol pumps and instead asked them to source their requirements from bulk sale points, according to an official order. The restrictions, which will be in place for up to 90 days, follow abnormal demand growth, particularly that of…
For decades, India’s defence story was dominated by a familiar criticism: a nation with immense talent and ambition remained heavily dependent on foreign suppliers for critical military platforms. While Bharat’s scientists at the Defence Research and Development Organisation (DRDO) have steadily shattered that stereotype through indigenous missiles, radars, and strategic weapon systems, another transformation has…
New Delhi: The government of India has extended the central excise duty exemptions on fuel to petrol blended with 22 per cent, 25 per cent, 27 per cent, and 30 per cent ethanol, according to an official notification. There will be a nil excise duty rate for fuel blends that conform to BIS standards (Bureau…
There is a psychology experiment from 1966 that every investor should know about. A researcher named Elliot Aronson recruited college students and played them audio recordings of a candidate auditioning for a quiz bowl team. The candidates were actors. Some answered 92% of difficult questions correctly and sounded impressively credentialed. Others answered only 30% and…
New Delhi: President Droupadi Murmu on Monday conferred seven Kirti Chakras, including two posthumously, to personnel of the armed forces displaying raw courage, unparalleled bravery, and total disregard for personal safety in the line of duty. Air Commodore Prasanth Balakrishnan Nair, an IAF pilot and a Gaganyatri, is also among the recipients of the Kirti…
New Delhi: In a significant setback for the Trinamool Congress (TMC) amid mounting political turbulence, Rajya Sabha MP Sukhen Shekhar Ray on Monday resigned from the party and stepped down as a member of the Upper House of Parliament. A seasoned parliamentarian and among the TMC’s most prominent voices in the Rajya Sabha, Ray submitted…
New York: Police are offering a USD 20,000 reward for information leading to arrest in the killing of a 28-year-old Indian man in Philadelphia who was shot dead after delivering pizza to a vacant home. Anshul Kuncha, who hailed from Hyderabad, was shot in the back of the head and killed around 12:30 am Friday…
Why Central Banks Still Need Both Gold and Treasuries M Radha Madhavi The global reserve landscape is undergoing a subtle but significant transformation, according to a recent analysis by the research team at Invictus Finserv LLP. The study points to the latest reserve data released by the European Central Bank (ECB), which shows gold accounting…
New Delhi: India’s space economy, currently close to USD 9 billion, is expected to expand to about USD 45 billion over the next seven to eight years, Union Minister Jitendra Singh said on Sunday. The minister also stated that India’s space startup ecosystem has grown from a single-digit number of startups a few years ago…
